Charles Schwab Investment Management Inc. Raises Stake in Coty Inc. (NYSE:COTY)

Charles Schwab Investment Management Inc. boosted its position in Coty Inc. (NYSE:COTY - Free Report) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,085,017 shares of the company's stock after purchasing an additional 183,637 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.35% of Coty worth $21,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Steward Partners Investment Advisory LLC lifted its stake in Coty by 317.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock worth $29,000 after purchasing an additional 3,186 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Coty by 145.0% in the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company's stock worth $42,000 after buying an additional 3,328 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Coty by 124.8% in the 4th quarter. Blue Trust Inc. now owns 6,984 shares of the company's stock worth $49,000 after buying an additional 3,877 shares during the last quarter. R Squared Ltd bought a new position in shares of Coty in the 4th quarter worth $54,000. Finally, US Bancorp DE increased its holdings in shares of Coty by 116.0% in the 4th quarter. US Bancorp DE now owns 9,473 shares of the company's stock worth $66,000 after buying an additional 5,088 shares during the last quarter. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

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Coty Trading Down 1.3 %

Coty stock traded down $0.08 during trading hours on Friday, reaching $5.56. The stock had a trading volume of 7,256,072 shares, compared to its average volume of 4,759,580. The stock has a market cap of $4.84 billion, a PE ratio of -555.50, a PEG ratio of 0.81 and a beta of 1.97. Coty Inc. has a 52 week low of $5.35 and a 52 week high of $11.99. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. The company has a fifty day simple moving average of $6.29 and a 200-day simple moving average of $7.34.

Coty (NYSE:COTY - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. Analysts forecast that Coty Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on COTY shares. Barclays decreased their price target on shares of Coty from $7.00 to $6.00 and set an "underweight" rating on the stock in a report on Friday, January 17th. The Goldman Sachs Group decreased their price target on shares of Coty from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Piper Sandler decreased their price target on shares of Coty from $9.00 to $8.00 and set an "overweight" rating on the stock in a report on Monday, February 24th. Morgan Stanley reduced their target price on shares of Coty from $9.00 to $7.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Finally, Wells Fargo & Company reduced their target price on shares of Coty from $9.00 to $7.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Coty presently has an average rating of "Moderate Buy" and an average target price of $9.78.

Coty Profile

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.